Question no. 3 9 Marks) Ar Rahman Corporation has projected sales and production in units for the second quarter of the coming year a follows: April May June Sales (units). 50,000 60,000 40,000 Production (units). 60,000 50,000 50,000 Cash-related production costs are budgeted at $5 per unit produced. Of these production costs, 40% are paid in the month in which they are incurred and the balance in the following month. Selling and administrative expenses will amount to $100,000 per month. The accounts payable balance on March 31 totals $190,000, which will be paid in April. sold on account for $14 each. Cash collections from sales are budgeted at 60 % in the month of sale, 30% in the month following the month of sale, and the remaining 10 % in the second month following the month of sale. Accounts receivable on April 1 totaled $500,000 ($90,000 from February's sales and $410,000 from March's All units are sales) Required: a. Prepare a schedule for each month showing budgeted cash disbursements/payments (Accounts Payable) for Ar Rahman Corporation. (4.5 marks) b. Prepare a schedule for each month showing budgeted cash receipts/receives (Accounts Receivable) for Ar (4.5 marks) Rahman Corporation